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ORDINANCE NO. 2024- I I L4 <br /> AN ORDINANCE ABATING THE PROPERTY TAX LEVY FOR THE CITY OF <br /> DECATUR, ILLINOIS FOR GENERAL OBLIGATION 2016 SERIES BONDS <br /> WHEREAS,by Ordinance No. 2016-70 passed and adopted on October 17,2016,the City <br /> Council of the City of Decatur, Illinois, caused general obligation bonds of the City to be issued <br /> and did levy therein certain sums to pay principal and interest on said bonds; and <br /> WHEREAS, funds other than those raised by general taxation have or will become <br /> available to timely pay such principal and interest as the same become due in fiscal year <br /> commencing January 1, 2025 and ending December 31, 2025. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF <br /> DECATUR, ILLINOIS: <br /> Section 1. That the following tax levies for interest on and principal of the indicated <br /> bonds for the year commencing January 1, 2025 and ending December 31, 2025,be, and the same <br /> are hereby abated as follows: <br /> Ordinance No and Bond Issue Ordinance Tax Levy Abatement Net Tax Levy <br /> 2016-70 GO Bond Series 2016 1,741,256.26 1,741,256.26 0.00 <br /> Section 2. That the County Clerk of the County of Macon, Illinois, be, and is hereby <br /> authorized and directed to fully abate said levy and to extend the same as so abated for the 2024 <br /> assessed value year with property tax payable in 2025. <br /> Section 3. That the City Clerk be, and is hereby authorized and directed to cause a <br /> certified copy of this Ordinance to be filed with the County Clerk of the County of Macon, Illinois. <br /> PRESENTED, ADOPTED AND RECORED this 2nd day of December, 2024. <br /> J ie Moore Wolfe, Mayor <br /> ATTEST: <br /> L*oj <br /> Kimberly Al ff, City Clerk <br />